PYMNTS

FEBRUARY 24, 2020

Tax season is upon U.S. In a new report from ProofPoint , researchers warned that any businesses with the word “tax” in its domain is at risk of being spoofed by phishing attackers targeting small to medium-sized businesses (SMBs). Indeed, tax season isn’t the only threat hitting SMBs, either.

Taxes 164

Taxes Fraud Puerto Rico North Carolina 164

Chris Skinner

JANUARY 21, 2019

Things we’re reading today include … UBS posts fourth-quarter pre-tax profit miss, sees bumpy road ahead European ETF trading increasingly automated as Mifid II takes hold Up to 25% wiped off house prices in some of UK’s wealthiest areas North-east England will be hit hardest by no-deal Brexit, says CBI … The post Things worth (..)

Taxes 165

Taxes 165

PYMNTS

FEBRUARY 10, 2020

The jousting over eCommerce taxes — especially for U.S. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small. The tax, technically known as “Tax Deducted at Source” (TDS), is sent directly to an account held by the central government.

Taxes 175

Taxes Illinois Operations Study 175

Accenture: Banking

MAY 30, 2019

Credit card volume and receivables continue to grow amongst the top issuing banks for the first quarter of 2019; however, the growth rate of each has been slowing compared to prior years. Loss rates increased slightly YoY, and issuer after-tax returns are strong for those that report. Issuer scorecard ($billions)—Q1 2019.

Cards 177

Cards US Taxes Apple 177

PYMNTS

FEBRUARY 12, 2020

The Australian Taxation Office (ATO) is warning small and medium-sized businesses (SMBs) that if they don’t pay their taxes on time, they could face consequences like a reduction in credit rating, Mozo reported on Wednesday (Feb. percent of respondents said meeting tax payments promptly would create cash flow issues in their business.

Taxes 152

Taxes Meeting National Strategy 152

PYMNTS

NOVEMBER 16, 2018

Cloud accounting software firm Xero is broadening its reach in the small business tax filing space through an acquisition of Instafile. based Instafile to integrate its cloud-based tax preparation and filing solution. The company connects accountants, bookkeepers and small businesses to tax authorities to maintain compliance.

Taxes 148

Taxes Software Compliance Meeting 148

PYMNTS

APRIL 5, 2020

Online tax preparation service TurboTax has announced that it is rolling out a free, stimulus registration solution to assist people who are not required to file a tax return. who are not required to file taxes, and some 80 percent are eligible for a stimulus check. There are roughly 10 million people in the U.S.

Tools 227

Tools Taxes Payments Online 227

PYMNTS

APRIL 22, 2020

IRS figures show that nearly 156 million Americans filed taxes last year, including about 89 percent (138 million) who filed electronically. This may occur for a variety of reasons, for example, if you didn’t file either a 2018 or 2019 tax return or you recently filed and the return has not been fully processed.”.

Taxes 326

Taxes Examples Payments Tools 326

Chris Skinner

FEBRUARY 17, 2019

Things we’re reading today include … New Zealand to target online giants with digital tax Problem gamblers are using PayPal to spend up to £150,000 a day Banks could easily stumble over Brexit and buybacks Tiger Global dumps Barclays stake in blow to Staley Russia’s Gazprombank freezes accounts of Venezuela’s … The post (..)

Taxes 150

Taxes Online 150

PYMNTS

JANUARY 30, 2020

Zermatt, a ski resort town of 5,400 residents in Switzerland, has decreed that cryptocurrency bitcoin can now be utilized to pay taxes and other government services, Bloomberg reported. Ransomware, tax evasion and money laundering data, however, are more than likely underestimated because of the difficulty in tracking the relevant data.

Bitcoin 153

Bitcoin Taxes cryptocurrency blockchain 153

PYMNTS

DECEMBER 27, 2019

Retailers that want to sell merchandise nationwide must pay attention to how each state’s tax code treats their goods. For example, products considered to be exempt medical necessities in some states might be taxed at high rates in others. 100: Minimum number of local tax codes in Alaska.

Taxes 131

Taxes Alaska Minnesota Compliance 131

PYMNTS

JANUARY 17, 2020

Historians and economists regularly look to tax policies to get a sense of what happened within a particular industry, society or country. No doubt the chronicles to come about the rise of the internet age and the spread of digital culture will include serious treatment of tax issues. Taxing Confusion. billion in 2022.”.

Taxes 132

Taxes Online Policies Philadelphia 132

PYMNTS

AUGUST 7, 2019

Ted Budd (NC) has reintroduced the Virtual Value Tax Fix Act, Coindesk reported. Budd noted prior to an introduction of the bill earlier in the summer that the code puts a 40 percent tax rate on transactions. Tom Emmer (MN) reintroduced the Safe Harbor for Tax Payers with Forked Assets Act of 2019 in July.

Taxes 129

Taxes Bitcoin cryptocurrency Regulation 129

Bank Innovation

FEBRUARY 18, 2020

The top-10 global bank reported Tuesday that in 2019, net profit fell 53% to $6 billion, while pre-tax profits fell 33% to $13.3 […]. HSBC, a global bank with $2.7 trillion in assets, is blazing a new path for its U.S. business as it cuts $4.5 billion in costs and reallocates capital away from underperforming units.

Strategy 243

Strategy US Taxes Capital 243

PYMNTS

FEBRUARY 10, 2020

Data Shows 41 Pct Hike In Ransomware Attacks In 2019. In the fourth quarter of 2019, companies paid on average $84,116 to get their files back from online thieves. Crypto Fraud Scores More Than $4B In 2019. billion in 2019, much larger than the $3 billion incurred in 2017 and 2018 combined.

US 142

US Taxes Millennials Payments 142

PYMNTS

SEPTEMBER 4, 2019

Merchants must handle the sales tax compliance obligations of each locale from which they receive money if they want to sell online. The complexities of sales tax compliance affect business decisions by both sellers and marketplaces, according to Ted Hettich, chief sales officer at U.K. Deciphering obligations. he said. .

Taxes 131

Taxes Policies Compliance Retail 131

PYMNTS

NOVEMBER 29, 2019

And in the wake of all those sales lies a pressing issue for merchants plying their trades online: figuring out the tax liabilities. At the same time, navigating tax policies is proving to be a complex business. tax policy at Avalara , noted that this holiday season is the second one post-Wayfair. The hard part?

Taxes 134

Taxes South Dakota New York Nebraska 134

PYMNTS

JANUARY 3, 2020

In an interview with PYMNTS, Liz Armbruester, senior vice president of Global Compliance at Avalara , said 2019 represented a watershed year for tax compliance as states embraced the economic nexus model and passed marketplace facilitator laws. Imposing state taxes on out-of-state sellers is now the new normal, she said.

Online 132

Online Taxes Compliance Missouri 132

PYMNTS

MARCH 29, 2020

Fourteen percent of Americans making under $40,000 a year don’t have a bank account, according to figures published by the Federal Reserve in 2019, and Venmo, Cash App and other such services are available to even those without bank accounts.

Taxes 243

Taxes Maine Strategy Payments 243

PYMNTS

DECEMBER 16, 2019

Is there a better way to deal with online sales taxes ? 8 percent: Rise in number of small businesses using their FIs’ mobile banking apps between 2018 and 2019. . 8 percent: Rise in number of small businesses using their FIs’ mobile banking apps between 2018 and 2019. Will fraudsters run wild this holiday shopping season ?

Taxes 130

Taxes Online Mobile Data 130

Perficient

JUNE 30, 2022

Billion in 2019). Ryan Salame, the co-CEO of FTX, said the campus could serve as a bellwether for similar crypto companies looking to take advantage of the island country’s favorable tax and regulatory frameworks. For example, the Bahamian government is planning on allowing Bahamians to pay their taxes using Sand Dollars.

cryptocurrency 472

cryptocurrency Regulation Conference Taxes 472

Accenture: Banking

AUGUST 20, 2019

3 After-Tax ROA of issuers that publicly report – Citigroup, Capital One, Synchrony and Discover 4 YoY = Year-over-year change versus 2Q18. Issuer scorecard ($billions)—Q2 2019. The post Q2 2019: US credit card issuer snapshot appeared first on Accenture Banking Blog. Click/tap to view larger. Click/tap to view larger.

US 150

US Cards Capital Apple 150

PYMNTS

APRIL 16, 2020

People took to social media to express their anger, some stating that they’ve had the same bank account for a dozen years and others complaining that their tax payments got deducted but they can’t get a deposit. If you filed last year’s or this year’s taxes we have your information.”. Just be patient, check back later,” says Garcia. “If

Taxes 291

Taxes social media Tools Payments 291

PYMNTS

SEPTEMBER 9, 2020

9) that it plans to mail letters to approximately nine million Americans who typically don’t file federal income tax returns and may be eligible for, but failed to claim, an economic impact payment. People who aren’t required to file a tax return can quickly register on IRS.gov and still get their money this year.”.

Taxes 199

Taxes Payments Analysis Tools 199

PYMNTS

DECEMBER 28, 2018

That means that on the brink of 2019, it remains uncertain whether the next year will look more like the best of times or the worst of times when it comes to providing consumers and small businesses (SMBs) with access to financial services — both in and outside the traditional bank-backed channels. The Two Faces Of Consumer Credit.

Millennials 145

Millennials Lending Data System 145

PYMNTS

DECEMBER 26, 2018

and China, local Chinese vendors operating in Yiwu International Trade City are upbeat about 2019. tariffs placed on Chinese exports and a crackdown on eCommerce platforms like Amazon by the European Union to stop online vendors from evading taxes, local Chinese merchants expect cross-border sales to grow.

Training 126

Training Online Taxes Operations 126

PYMNTS

FEBRUARY 6, 2019

More people are working, they’re making more money, their taxes are lower and their confidence remains high. The Federation is now predicting that there will be growth in 2019 of between 3.8 “We believe the underlying state of the economy is sound,” NRF President and CEO Matthew Shay said in a press release. percent to $3.68

Retail 116

Retail Taxes National Marketing 116

PYMNTS

AUGUST 29, 2019

Cornell University tops the Coinbase 2019 Leaders in Crypto Education list, currently offering 14 classes on cryptocurrency and/or blockchain. In other news, Portugal’s Tax Authority has announced that both cryptocurrency trading and payments in crypto will not be taxed in the country.

Course 116

Course Taxes Bitcoin blockchain 116

PYMNTS

APRIL 9, 2020

Those interested in the benefits must have already filed a 2019 tax return and received a refund deposited directly into their Chime account. million users in 2019. Chime tested the initiative last week, offering a cash advance of up to $1,200 for 1,000 people. The bank had 3.3

Taxes 241

Taxes America Digital Banking Capital 241

PYMNTS

DECEMBER 20, 2019

That famous literary opener could apply to the mobile order-ahead (MOA) space in 2019. As city councils all over the nation get a hankering for MOA tax revenue, the category just keeps growing and evolving. “It was the best of times, it was the worst of times.” Tons of capital was raised and spent on new systems and processes.

Mobile 131

Mobile Fraud New York City Metro 131

PYMNTS

MAY 22, 2020

The measure limits independent contractors and the self-employed to borrow up to two months of their pay based on their 2019 income tax return or $15,385, whichever is less, toward forgiveness. If they can’t convince the SBA they met those requirements, borrowers have two years to repay it at a 1 percent interest rate.

Ohio 248

Ohio Taxes Guidelines California 248

PYMNTS

OCTOBER 8, 2019

Although hiring slowed in September, small businesses continue to remain optimistic and have even reported some significant benefits resulting from late-2017’s tax reform. 54 percent of SMBs say the Tax Cuts and Jobs Act positively impacted their businesses , new research from the National Federation of Independent Businesses said.

Survey 134

Survey Taxes Data Report 134

PYMNTS

OCTOBER 7, 2020

The Bank of Korea dissolved a committee dedicated to cryptocurrency research in January 2019 but has since revisited the issue, the report stated. In January, PYMNTS reported that the Ministry of Economy and Finance in South Korea was considering a 20 percent tax on income generated from cryptocurrencies.

cryptocurrency 209

cryptocurrency Taxes Comparison blockchain 209

PYMNTS

DECEMBER 15, 2020

Shoe Palace provided a $52 million pre-tax profit in the year ending Dec. 31, 2019, and the gross assets in its audited balance sheet were $197 million as of Dec. 31, 2019, according to the announcement.

California 220

California Hawaii Arkansas Nevada 220

Abrigo

JANUARY 7, 2021

Relevant tax forms, quarterly financial statements, or bank statements are acceptable documentation. The maximum amount available for a second-draw loan is $2 million, but for most businesses, the maximum amount will be calculated by multiplying the average total monthly payroll costs during 2019 or 2020 (at the borrower’s election) by 2.5 (or

Taxes 195

Taxes Lending Connecticut Capital 195

South State Correspondent

NOVEMBER 14, 2024

Two: Customers Have More Than One Account and Will Use Instant Payments To Transfer Funds A 2019 survey by the Mercator Advisory Group showed that the American depositor has an average of 5.3 bank accounts. As can be seen below, these balances are material.

Payments 195

Payments Study Survey Data 195

PYMNTS

OCTOBER 1, 2020

Consumers and microbusinesses now get an average of two disbursements each year, excluding tax disbursements from local, state and federal governments. 1: Instant disbursements as a percentage of all non-tax disbursements in the U.S. percent in 2019 and 9.5 Fast Fact No. are growing — but slowly. percent as of 2018.

Trends 306

Trends Study Taxes Payments 306